On Friday, Delta Air Lines got an upgrade to its Relative Strength (RS) Rating, from 67 to 75.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating as they launch their biggest price moves. See if Delta Air Lines can continue to show renewed price strength and clear that threshold.
Delta Air Lines has moved more than 5% past a 52.45 entry in a second-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company reported -11% earnings growth last quarter, while sales growth came in at 0%. Keep an eye out for the company's next round of numbers on or around Oct. 9.
The company holds the No. 4 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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